A $65 petty cash fund has cash of $20 and receipts of $60. The journal entry to replenish the account would include a a.credit to Cash Short and Over for $15 b.credit to Cash for $65 c.credit to Petty Cash for $60 d.debit to Cash for $20

College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 7E
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A $65 petty cash fund has cash of $20 and receipts of $60. The journal entry to replenish the account would include a

a.credit to Cash Short and Over for $15
b.credit to Cash for $65
c.credit to Petty Cash for $60
d.debit to Cash for $20 
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